Iowa 529 w/d question

<p>Something to keep in mind is that the term “qualified education expenses” has multiple IRS definitions depending on what the context is. If you’re talking about grants and scholarships and whether or not they are subject to income tax, “qualified education expenses” does not include room and board. If you’re talking about 529 distributions and whether or not they are subject to income tax, “qualified education expenses” does include room and board.</p>